Aug 2, 2014

Renting an Apartment in Manhattan, NYCoriginally posted: Monday, September 12, 2011Everyone
wants their first New York City rental experience to be a positive
one. As a current or future Manhattanite, you should familiarize
yourself with the rules of renting in order to make your experience as
hassle and worry free as possible. Carefully
read any documentation presented to you by your future landlord
before entering into any contract. Although many leases contain
predominantly boilerplate language, in many instances clauses may be
added to the lease contract that supersede or alter the lease
agreement in some way. Such additions are called riders.Also,
the type of lease may vary. A Standard Form of Lease, for instance,
may differ greatly from a Rent Stabilized Lease Agreement or a
Cooperative Sublease Agreement.
Take the time to read and digest the language of any documentation
presented to you, and always ask questions should it contain
something you don't fully understand.Make
a check list of information to bring with you in order to finalize your
lease agreement. You will almost certainly need all of the following:

1. A letter of employment and salary verification

2. Bank account numbers (checking and savings), as well as any credit card numbers

If
you are relocating from outside of New York, prepare your funds ahead
of time. Landlords will not accept personal out-of-state checks. Bring
traveler’s checks or certified bank checks in amounts sufficient to
cover two months rent, any brokerage fees, a credit check fee, and any
additional fees such as a move-in/move-out fee or building application
fee.

Once
your personal and financial documentation is in order, you will then be
prepared to view and select prospective apartments. Remember, your
agent can provide you with a wealth of information to assist you in
making an informed decision. Ask plenty of questions about
neighborhoods, building types, public transportation access, or anything
else that might be of interest to you.

When
you have selected a suitable apartment, you must then fill out a rental
application, or other applicable documents. Once you or your agent has
negotiated agreeable lease terms, a credit report and reference check
will be done.

Upon final confirmation, you will be asked to sign a lease and settle any outstanding applicable fees.

In Manhattan, residential real estate is made up of rental buildings,
condos, condops, coops and townhouses. All can make fine homes and all
are available for rent.

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